DEVIVO JOSEPH 4

What Happened

• Joseph DeVivo, President & CEO and a director of Butterfly Network (BFLY), sold 204,725 shares on July 7, 2026. The weighted average sale price was $7.87 per share (range $7.735–$8.11), for aggregate proceeds of $1,611,800. The filing reports the sale as a sell-to-cover related to RSU vesting and was automatic, not made at the reporting person’s discretion.

Key Details

• Transaction type: Sale (S) — reported as automatic sell-to-cover to satisfy tax withholding (Footnote F1).
• Transaction date: 2026-07-07; filing date: 2026-07-08 (timely).
• Price: Weighted average $7.87; reported price range $7.735 to $8.11 (Footnote F2).
• Total proceeds: $1,611,800.
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes:
  • F1: Sales were automatic to cover tax withholding for vesting RSUs.
  • F2: Weighted average price; per-share prices ranged as noted; more granular breakdown available on request.
  • F3: Reporting person’s holdings include ESPP purchases of 28,835 shares on 6/30/2025 and 28,835 shares on 6/30/2026.
• Timeliness: Filing appears timely (transaction reported next day).

Context

• The sale was a routine sell-to-cover linked to tax obligations on vested restricted stock units, which is common and does not necessarily signal a change in insider sentiment. Purchases generally carry more weight as bullish signals; this filing documents a tax-related disposition.